Transport for New South Wales and Cubic to Commence Open Payment Trial in Sydney
April 18 2016 - 7:30AM
Business Wire
Cubic Transportation Systems (CTS), a business unit of Cubic
Corporation (NYSE: CUB), welcomed the announcement that a customer
open payments trial will commence in Sydney, Australia in 2017,
enabling Sydney to have London-style open payments ticketing
technology. The trial would be a first for the southern hemisphere,
providing a valuable test case for other Australian cities which
have been contemplating open payments.
The New South Wales (NSW) Minister for Transport and
Infrastructure, Andrew Constance, made the trial announcement at
the opening session of the Future Technology Summit in Sydney,
being held from April 18 – 19.
“For too long, NSW has lagged behind the world when it comes to
transport – but that’s changing,” said Constance. “Contactless
payment with credit and debit cards would offer customers another
easy to use and convenient option for travelling. We're all about
making Opal even better. Cubic and the team behind it have done an
incredible job. Now we want to use the technology behind Opal to
further enhance the system."
Cubic had undertaken discussions with Transport for New South
Wales about open payments while they were investigating the new
technology.
“The Sydney trial is a very exciting development, having the
potential to leapfrog Sydney up into the ranks of a select group of
leading cities embracing the new technology,” said Matt Cole,
president of CTS. “Open payments represent a major advance into the
future with ticketing technology. For commuters, it means an end to
topping up funds on a smart card and a convenient option. For
transport operators, it means expanded customer services and
potential efficiencies.”
Cubic originally pioneered and rolled out the world’s first
open payments system with Transport for London, beginning with a
customer trial on buses in 2012. Since full deployment in 2014
across the entire London public transport system, open payments has
skyrocketed in popularity, and now account for about one million
trips a day. Approximately 22,000 new users join the system, every
day and it now accounts for more than 25 percent of all trips in
London.
“In Sydney, open payments would continue to operate alongside
Opal, as in London. It’s not a replacement for smartcard ticketing,
but an enhancement to the system to provide more options for
commuters,” said Cole.
In Australia, more than 15 million trips are taken every week
using the Queensland go card and the NSW Opal systems, both
installed and operated by Cubic.
Cubic is also one of the companies shortlisted to take over
operating the myki system in Melbourne.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. As the parent company
of two major business units, Cubic’s mission is to increase
situational awareness and understanding for customers worldwide.
Cubic Transportation Systems is a leading integrator of payment and
information technology and services to create intelligent travel
solutions for transportation authorities and operators. Cubic
Global Defense is a leading provider of realistic combat training
systems, secure communications and networking and highly
specialized support services for military and security forces of
the U.S. and allied nations. For more information about Cubic,
please visit the company's website at www.cubic.com or on Twitter
@CubicCorp.
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version on businesswire.com: http://www.businesswire.com/news/home/20160418005790/en/
Montner Tech PRDebra MontnerPH: 203-226-9290 ext. 112Cell:
203-984-7861dmontner@montner.comorJohn MacGregor, 0414 445
447mac@macpr.com.au
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